Broker Dealer Account Conversions Workflow Template

Overview: Broker Dealer Account Conversions Workflow Template

This workflow template illustrates the movement of client securities (or other assets) to a prime brokerage account. Purchase and download this template in PDF, Visio (VSD) and PowerPoint (PPT) formats. You can customize it to fit your own organization, or simply use it to better understand Broker Dealer Account Conversions processes.

Process Details and FAQ: Broker Dealer Account Conversions

What is included in the Broker Dealer Account Conversions process?

The Broker Dealer Account Conversions process involves the movement of client securities (or other assets) to a prime brokerage account. This process includes customer security movement request reception, review of client account (ensure that all client account information is gathered before review begins), review and approval of transfer terms and conditions and electronic transfer of funds to new prime brokerage account. Ensure that the customer is notified when the transfer of funds is finalized.

Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Broker Dealer Account Conversions process:

1.Automation Rate: Trade Data Transfer (Equity Derivatives)

2.Cycle Time: Asset Transfer

3.Total Volume: Asset Transfers

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Broker Dealer Account Conversions process:

Customer

Customer Service Representative

Risk Management Analyst

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio (VSD) and PowerPoint (PPT) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.